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Cagayan de Oro - Realty
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Investing in Real Estate is still the best form of investment hands down no matter where you live or how old you are. Of course it makes it easier if you have the money to actually invest or put as a down payment on the property you want to buy. However, not everybody has a nest egg just waiting to be hatched into real property investments. Most of us are just hard working stiffs who are trying hard to make a living. So, "How can I invest in real estate?" you ask. You can and with the determination you will!
First and foremost become knowledgeable. Start asking questions about what other people know about real estate. Find out about real estate from the people you think or from the people who think that they made money in real estate. Read books, read the paper or any article you find about real estate. This way you will get to know a little bit about truths and lies.
Learn from the mistakes of others so you may not have to repeat them. Avoid trying to correct mistakes of others. That's what strange about human beings, we love to repeat mistakes made by others. We think it's a challenge that we could possibly correct those mistakes. Remember, you are not trying to correct mistakes. You are trying to make money doing real estate.
Do some research. Look for the "hot" areas to invest in. Remember in real estate it's "LOCATION, LOCATION, LOCATION". It's tricky though, because a bad location for one investor may be a goldmine for another. The idea is to always find the good location. Even within the poor sector of a community, there is always a good location. It may be a bad location for the rich guy but for the person who lives in a poor community it may be the best! There is always a better place within the community, a place where others look up to. Even in a small room where brothers or sisters share the room, there is always the good spot. Are you beginning to get the picture?
It is good to let your money do most of the work for you. However, that would only work if you have lots of it in the first place. Most of you only have a little bit of money, with a little bit of savvy, plenty of elbow grease, and astronomical amount of desire, determination, and focus; but don't worry, that's all you need to get started!
No matter what, do not forget to focus. You got to have the focus. Because focus will determine your reality. If you want to make money, you need focus. If you want to be successful, you need focus.
You can't do real estate alone. Real estate transactions involve different people from different walks of life. Real estate involves the government! You are not alone in this business. So you need friends, associates, life lines, and lots of free stuff and advice. You need to network. Get to know people. Surround yourself with those who are successful. Later on when you yourself become successful, the beginners will surround themselves with you.
by: Franklin Harry Maletsky
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